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Commonwealth Bank Injury Cash Protection

Commonwealth Bank Injury Cash Protection Product Review

When it comes to earning an income, most people rely heavily on the money that they earn from the work they do. In fact, in many cases it is not just the person earning the income that relies on this money but also dependants of the person, such as their partners and children. When you consider the sheer number of financial commitments most people have, such as mortgage or rent, bills, debts, and buying food, it is little wonder that the thought of losing their income strikes fear into the hearts of those who rely on their money.

While you may believe that this is not something you need to worry about because your job is secure, you need to consider other factors other than redundancy or being fired that could result in your losing your income. For instance, a serious accident resulting in total and permanent disability could put paid to your ability to work and earn your living. If you are confined to your bed around the clock for a period of time due to an accident, this can also impact upon your ability to earn a living. In both of these cases, your financial security and that of your loved ones could take a real tumble unless you have some form of protection in place. No matter how careful you are, accidents can and do happen, which is why it is highly advisable to secure your financial future with some form of protection in place.

Commonwealth Bank no longer offers Injury Cash Protection cover.

You may like to consider other Commonwealth Bank Life Care policies that our insurance experts can help you with.

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Level of ProtectionCoverage is the amount of money that you will be paid in the event of a claim. An insurance consultant can help you determine an appropriate amount.Calculator

TPD CoverProvides a lump sum payment if you become totally and permanently disabled and are unable to return to work.

Trauma CoverProvides a lump sum payment if you suffer a serious medical condition. Cover can be taken out for 40-60 medical conditions depending on the policy you choose.

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This is where the Commonwealth Bank Injury Cash Protection plan can prove invaluable. This is a plan that provides financial protection in the event of total and permanent disability or around the clock bed confinement. A serious accident will leave you and your family with enough to worry about without the added strain of financial problems. Having this protection in place means that you will have one less thing to worry about at what will already be a difficult enough time for you.

There are a number of reasons why taking out Commonwealth Bank Injury Cash Protection can prove so invaluable, which is why this is a form of coverage that is seriously worth considering. Some of the benefits of this cover include:

Valuable peace of mind: Obviously, you hope that you will never have to make a claim for an accident that results in total and permanent disability or being confined to your bed around the clock. However, having this cover in place means that you get to benefit from the peace of mind that in the event something like this does happen you will not be left high and dry in terms of your finances.

Ability to keep up with financial commitments: The payout from your Commonwealth Bank Injury Cash Protection means that you will be able to keep on top of your finance commitments even at a time when you are unable to work and earn the income that you have become do reliant on.

Reducing stress: A serious accident that results in total and permanent disability or confinement to bed will cause enough stress without financial issues adding to your problems. Having this cover in place means that you have one less thing to worry about and you can focus on your health and wellbeing rather than making matters worse by fretting about your money problems.

Immediate cover: The Commonwealth Bank Injury Cash Protection offers immediate protection, so you get to start enjoying the protection of this coverage right away. It is available to permanent Australian residents aged between 18 and 50.

No medical: You won't have to worry about having a medical exam in order to take out Commonwealth Bank Injury Cash Protection. This means you can start enjoying the peace of mind right away.

The Features of Commonwealth Bank Injury Cash Protection Cover

The Commonwealth Bank Injury Cash Protection plan offers a variety of valuable features, making it a viable option for those who want to enjoy protection and peace of mind. Some of the features of this plan include:

Daily benefit if you are confined to your bed around the clock as the result of an injury.

Addition benefit if you are confined to bed overseas as the result of an accident.

Cover for homecare expenses within reason in you are injured within Australia.

Benefit for total and permanent disability.

Option to insure your partner for up to $300,000.

These are all valuable benefits that can make having the Commonwealth Bank Injury Cash Protection plan in place well worthwhile. For under $10 per month, you can benefit from $100,000 worth of cover, which could provide a financial lifeline in the event that you are bedridden or permanently disabled following an accident within Australia or overseas.

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